Japan Proposes Separate Crypto Tax Rules for Spot, Derivatives and ETFs

Japan's Liberal Democratic Party and Japan Innovation Party unveiled a tax reform outline on Dec. 19 proposing separate taxation for crypto assets, BlockBeats reports. The proposal would cover spot trading, derivatives and crypto ETFs, allowing losses to be carried forward for three years. Staking and lending income may remain under existing rules, while NFTs were not explicitly addressed and exchanges would be required to submit user trading reports to tax authorities.